Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-211062-03
May 23, 2016
NSTAR Electric Company
doing business as Eversource Energy
Pricing Term Sheet | ||
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Issuer: |
| NSTAR Electric Company doing business as Eversource Energy |
Ratings*: |
| A2 (Moody’s); A (S&P); A+ (Fitch) |
Trade Date: |
| May 23, 2016 |
Settlement Date: |
| May 26, 2016 (T+3) |
Security: |
| $250,000,000 2.70% Debentures due 2026 |
Maturity Date: |
| June 1, 2026 |
Interest Payment Dates: |
| June 1 and December 1, commencing December 1, 2016 |
Principal Amount: |
| $250,000,000 |
Coupon: |
| 2.70% |
Benchmark Treasury: |
| 1.625% due May 15, 2026 |
Benchmark Treasury Price / Yield: |
| 98-01+ / 1.840% |
Spread to Benchmark Treasury: |
| +90 basis points |
Yield to Maturity: |
| 2.740% |
Price to Public: |
| 99.652% |
Optional Redemption Provisions: |
| Make-whole call at any time prior to March 1, 2026 at a discount rate of Treasury plus 15 basis points |
CUSIP / ISIN: |
| 67021C AL1 / US67021CAL19 |
Joint Book-Running Managers: |
| BNY Mellon Capital Markets, LLC |
Co-Manager: |
| The Williams Capital Group, L.P. |
* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling BNY Mellon Capital Markets, LLC toll-free at 1-800-269-6864; Citigroup Global Markets Inc. toll-free at (800) 831-9146; Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848; or Mizuho Securities USA Inc. toll-free at (866) 271-7403.